Arsenal Energy Inc. (Arsenal) is an energy exploration and production company with producing properties in Canada and the United States. On October 8, 2008, the Company completed the acquisition of GEOCAN

Energy Inc. (GEOCAN). The Company has production in the provinces of British Columbia, Alberta and Saskatchewan in Canada, and in the state of North Dakota in the United States. During the year ended December 31, 2008, the Company?s oil production was 1,980 barrels of oil equivalent/day (boe/d). In June 2007, the Company sold its Tower Creek prospect, a low working interest (14%) non-operated property..